Want to see IN:RATNAMANI full AI Analyst Report?
Top Page
Ratnamani Metals & Tubes Ltd.
(RATNAMANI)
Select Model
Select Model
Rating:65Neutral
Price Target:
₹2,901.00
▲(20.61% Upside)
Action:Reiterated
Date:08/25/26
The score is primarily supported by strong financial quality—especially low leverage and solid profitability—tempered by weaker recent growth and uneven cash-flow conversion. Technically, the stock is extended above major moving averages but shows softer momentum (negative MACD, RSI near overbought). Valuation is the biggest headwind due to a high P/E and low dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage gives Ratnamani financial flexibility to fund capacity, absorb industrial-cycle weakness and pursue customer projects without relying heavily on debt or risking balance-sheet stress.
Negative Factors
Recent Revenue and Profit Contraction
The recent reversal after strong 2022–2024 expansion signals weaker demand or pricing conditions in project-linked end markets, creating a risk that near-term earnings softness could persist over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage gives Ratnamani financial flexibility to fund capacity, absorb industrial-cycle weakness and pursue customer projects without relying heavily on debt or risking balance-sheet stress.
Read all positive factors
Ratnamani Metals & Tubes Ltd. (RATNAMANI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹200.66B
Dividend Yield0.35%
Average Volume (3M)6.62K
Price to Earnings (P/E)46.3
Beta (1Y)0.57
Revenue Growth-16.30%
EPS Growth-24.14%
CountryIN
Employees3,319
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)61.76
Shares Outstanding70,092,000
10 Day Avg. Volume3,456
30 Day Avg. Volume6,623
Financial Highlights & Ratios
PEG Ratio-2.93
Price to Book (P/B)3.75
Price to Sales (P/S)3.43
P/FCF Ratio34.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)78.14
Revenue Forecast (FY)₹50.61B
Ratnamani Metals & Tubes Ltd. Business Overview & Revenue Model
Company Description
Ratnamani Metals & Tubes Limited operates as a manufacturer and international supplier of diverse stainless steel and carbon steel piping and tubing solutions. The company's stainless steel offerings encompass seamless and welded pipes and tubes, ...
How the Company Makes Money
Ratnamani makes money primarily by manufacturing and selling metal pipes and tubes to industrial and project customers. Its key revenue streams are (1) stainless steel tubes and pipes (including welded and seamless products) sold for process-indus...
Ratnamani Metals & Tubes Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.14B | 44.94B | 51.46B | 50.28B | 44.61B | 31.22B |
| Gross Profit | 15.55B | 13.17B | 16.35B | 15.76B | 14.04B | 9.35B |
| EBITDA | 8.31B | 8.69B | 8.70B | 9.56B | 7.98B | 5.28B |
| Net Income | 4.33B | 4.83B | 5.44B | 6.23B | 5.10B | 3.23B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 53.88B | 49.06B | 40.20B | 37.80B | 29.62B |
| Cash, Cash Equivalents and Short-Term Investments | 7.94B | 7.18B | 4.05B | 2.96B | 1.69B | 1.75B |
| Total Debt | 0.00 | 3.18B | 1.57B | 1.53B | 2.37B | 1.57B |
| Total Liabilities | -42.08B | 11.80B | 12.41B | 8.04B | 11.04B | 7.14B |
| Stockholders Equity | 42.08B | 41.11B | 36.37B | 31.41B | 26.04B | 22.48B |
Cash Flow | ||||||
| Free Cash Flow | 5.04B | 4.42B | 2.07B | 2.85B | 1.69B | -4.27B |
| Operating Cash Flow | 7.39B | 9.27B | 5.36B | 4.98B | 3.10B | -2.83B |
| Investing Cash Flow | -9.30B | -11.55B | -3.97B | -1.45B | -2.08B | 4.18B |
| Financing Cash Flow | -71.36M | 756.12M | -1.30B | -1.93B | -1.16B | -1.35B |
Ratnamani Metals & Tubes Ltd. Technical Analysis
Positive
2405.35
Price Trends
2520.89
Positive
2572.41
Positive
2429.19
Positive
Market Momentum
82.53
Negative
64.12
Neutral
49.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RATNAMANI, the sentiment is Positive. The current price of 2405.35 is below the 20-day moving average (MA) of 2692.11, below the 50-day MA of 2520.89, and below the 200-day MA of 2429.19, indicating a bullish trend. The MACD of 82.53 indicates Negative momentum. The RSI at 64.12 is Neutral, neither overbought nor oversold. The STOCH value of 49.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RATNAMANI.
Ratnamani Metals & Tubes Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹96.03B | 13.04 | ― | 1.40% | -12.21% | -16.07% | |
68 Neutral | ₹701.08B | 30.37 | ― | 0.19% | 20.21% | 14.36% | |
68 Neutral | ₹185.11B | 28.27 | ― | 0.69% | -8.57% | -62.05% | |
65 Neutral | ₹200.66B | 46.29 | ― | 0.35% | -16.30% | -24.14% | |
65 Neutral | ₹63.89B | 31.12 | ― | 1.37% | 10.75% | 9.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:RATNAMANI
Ratnamani Metals & Tubes Ltd.
2,862.75
457.50
19.02%
IN:ANKITMETAL
Ankit Metal & Power Limited
1.77
-0.19
-9.69%
IN:JINDALSAW
Jindal Saw Limited
289.45
81.27
39.04%
IN:MAHSEAMLES
Maharashtra Seamless Limited
716.70
111.86
18.49%
IN:MANINDS
Man Industries (India) Limited
851.75
413.05
94.15%
IN:WELCORP
Welspun Corp Limited
2,657.70
1,769.80
199.32%
Ratnamani Metals & Tubes Ltd. Corporate Events
Ratnamani Metals & Tubes posts Q1 FY 2026–27 unaudited results, publishes access details
Aug 8, 2026
Ratnamani Metals Tubes Ltd. has announced that its Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at a meeting held on August 7, 2026. The company has published notific...
Ratnamani Metals & Tubes details 42nd AGM, record dates and e-voting in newspaper notice
Jul 23, 2026
Ratnamani Metals Tubes Ltd. has notified stock exchanges that it has published a newspaper advertisement detailing its 42nd Annual General Meeting, including the cut-off and record dates, e-voting arrangements, KYC updation, and dividend informat...
Ratnamani Metals & Tubes Sets August 18 Digital AGM, Publishes FY 2025-26 Annual Report
Jul 21, 2026
Ratnamani Metals Tubes Ltd. has released its annual report for the 2025-26 financial year and issued the notice convening its 42nd Annual General Meeting, scheduled for August 18, 2026. The meeting will be conducted via video conferencing and oth...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.